What The Bankers Bank does

The Bankers Bank (TBB), founded in 1985 and headquartered in Oklahoma City, is a privately held correspondent bank owned by approximately 100 community bank shareholders with no majority owner. It directly serves nearly 250 community banks across Oklahoma, Texas, New Mexico, and Kansas, and indirectly supports more than 2,200 additional banks nationwide through licensing of its proprietary iWeb platform. The product surface spans traditional correspondent banking (wires, ACH, Fed Funds, safekeeping, currency, international services), lending products (participation loans, bank acquisition loans, executive lending), instant payments settlement across FedNow and RTP, ATM/debit card services via Primax, and outsourced ATM operations via PAI.

TBB's core technology is iWeb, a proprietary, cloud-hosted correspondent banking portal that consolidates wires, ACH, currency orders, Fed Funds sweep, safekeeping, international validation tools, and instant payment liquidity management into a single interface. The platform evolved from a 1989 dial-up Infobank system to InfobankWeb and ultimately iWeb in 2003, and now extends to real-time settlement via FedNow and RTP. TBB also operates three operating entities under the Bankers Bancorp of Oklahoma holding company: Forward In Technology (FIT, IT and cybersecurity, SOC 2 Type 2 audited, est. 2014), The Bankers Solutions (TBS, compliance, audit, and consulting, relaunched 2024 from BPSI established 2004), and First Bankers' Banc Securities (FBBS, brokered CDs, portfolio accounting, corporate note underwriting, acquired 2006).

Revenue is generated through transaction fees on correspondent banking volume, recurring fees on safekeeping and managed services, interest income on loans and Fed Funds activity, interchange and service fees on card and ATM operations, and professional services fees from TBS consulting and FIT IT engagements. Distribution is entirely direct: a team of calling officers maintains in-person relationships across the four-state territory, augmented by an annual road show series, the Annual Golf Classic, and a newsletter and content marketing program. In 2022 TBB reported net income above $3M and ROA of 1.46%, materially above the sub-1.0% peer group.

Name

The Bankers Bank

Legal name

The Bankers Bank

Website

https://tbb.bank

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

101–250 employees

Short description

The Bankers Bank is a privately held, community-bank-owned correspondent bank headquartered in Oklahoma City that delivers wires, ACH, lending, safekeeping, international services, instant payments (FedNow/RTP), IT/cybersecurity, and compliance consulting to nearly 250 community banks across Oklahoma, Texas, New Mexico, and Kansas via its proprietary iWeb platform.

Ownership category

akta.pro rank

Product category

Correspondent Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

State Commercial Banks (6022), National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Bank Connectivity & Channels (Host-to-host, SWIFT, APIs, EB portals) (FSABAIAF)

akta.pro secondary industry

Liquidity & Intraday Credit Services (Clearing Credit Lines) (FSABAJAK)

Keywords

• Correspondent banking services
• Community bank lending
• Banking IT services
• Bank compliance consulting
• Investment safekeeping

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Correspondent Banking Services: Core correspondent banking services including wire transfers (domestic, incoming, affiliate), ACH transactions, currency orders, Fed Funds lines, and settlement services. Revenue generated through transaction fees, service fees, and relationship-based pricing.
2. Loan Products: Participation loans purchased and sold, bank acquisition loans, and discreet executive lending. Revenue generated through interest income and loan origination/participation fees.
3. Safekeeping & Investment Services: Investment safekeeping services for community banks including competitive pricing, advance notice of maturities and coupon payments, separate accounting for customer securities, and transaction posting to DDA.
4. ATM/Debit Card Services: Through partnership with Primax, provides ATM/debit card issuance, digital issuance, and push provisioning services. Revenue model involves interchange and service fees.
5. First Bankers' Banc Securities: Brokered CD placement, investment portfolio accounting, and corporate note underwriting for community banks and trust companies.
6. Audit, Compliance & Consulting Services (The Bankers Solutions): Bank-specific audit services (ACH, BSA, compliance, directors exams, funding and interest rate risk independent review, internal control review, vendor management review) and consulting services (branch performance reviews, capital planning, credit stress testing, due diligence, enterprise risk, HR consulting, regulatory repair). Revenue from professional services fees.
7. IT & Cybersecurity Services (Forward In Technology): Managed IT services, cybersecurity, compliance support, SOC 2 Type 2 audited services, secure phone systems, cloud infrastructure, workstation support, and threat management. Revenue from managed services subscriptions and project fees.
8. Strategic Planning Toolkit: PRINGLE-branded do-it-yourself strategic planning toolkit for community banks, including supporting documents for management and board-level planning.
9. Check Contract Consulting: Through partnership with Jim Schartman, provides check printing contract negotiation services, claiming typical negotiated savings of 50-70%. Revenue likely from consulting fees or vendor referral arrangements.
10. International Services: Foreign currency exchange, international wires, SWIFT services, and exchange rate access through iWeb.
11. Instant Payments: FedNow and RTP instant payment settlement and funding services with liquidity management.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

The Bankers Bank is a correspondent bank that provides community banks with a full suite of wholesale banking services, including wire transfers, ACH, loan participations, investment safekeeping, international services, instant payments (FedNow and RTP), and ATM/debit card programs. These services are delivered through its proprietary iWeb web platform and supported by subsidiaries that provide IT/cybersecurity (Forward In Technology), compliance and audit consulting (The Bankers Solutions), and investment services (First Bankers' Banc Securities).

Product overview

The Bankers Bank is a correspondent bank serving community banks through a unified platform with iWeb as its core digital banking interface. The product portfolio includes traditional banking services (Loans, Safekeeping, International Services), card services (ATM/Debit through Primax partnership), payment capabilities (Instant Payments via FedNow and RTP), and specialized consulting services. Two key subsidiaries extend the offering: Forward In Technology (FIT) provides IT and cybersecurity services, while The Bankers Solutions (TBS) delivers audit, compliance, and consulting services. Additional offerings include Check Contract Consulting, Strategic Planning tools, First Bankers' Banc Securities for investment services, and ATM Outsourcing through PAI.

Differentiator

Problem solved

Functional benefit

Brands

• Forward In Technology (FIT): IT services and compliance support subsidiary for financial institutions, offering cybersecurity, secure phone systems, cloud infrastructure, workstation support, and threat management.
• The Bankers Solutions (TBS)
• First Bankers' Banc Securities, Inc. (FBBS)
• iWeb

Products and services

• iWeb Correspondent Banking Platform
• Correspondent Lending Products
• Investment Safekeeping Services
• International Banking Services
• ATM and Debit Card Services
• Instant Payments (FedNow and RTP)
• ATM Outsourcing
• Forward In Technology (FIT) Managed IT and Cybersecurity
• The Bankers Solutions (TBS) Audit, Compliance, and Consulting
• First Bankers' Banc Securities (FBBS) Investment Services
• Check Contract Consulting
• PRINGLE Strategic Planning Toolkit

Quantifiable outcome

• Net income over $3,000,000 and ROA of 1.46% in 2022 — compared to less than 1.0% by peer group
• +3 more outcomes

Named customers7 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Forward In Technology (FIT)coreTechnology or Integration · 1 January 2014Forward In Technology was created in 2014 as a sister company of The Bankers Bank to meet the growing IT and cybersecurity needs of community banks. FIT focuses on IT services and compliance support for financial institutions, offering secure phone systems, cloud infrastructure, workstation support, threat management, and cybersecurity solutions. FIT is SOC 2 Type 2 audited annually. Contact: Andrew Johansen ([email protected]). FIT contributed to dividend payments for the second consecutive year.
• The Bankers Solutions (formerly Bankers Professional Services, Inc.)coreTechnology or Integration · 1 January 2004Bankers Professional Services, Inc. (BPSI) was established in August 2004 to offer bank-specific audits and consulting services in response to increasing regulations in the early 2000s. Relaunched as The Bankers Solutions (TBS) in August 2024, reflecting its expanded focus on compliance, audit, and consulting services for community banks. TBS is a subsidiary of Bankers Bancorp of Oklahoma. Led by Mike Murphy (EVP/CRO) as President of TBS. Team brings more than 100 years of experience.
• First Bankers' Banc Securities, Inc.coreChannel Partner/ Reseller/ DistributorFormerly known as First St. Louis Securities, Inc., founded in 1984. In fall 2006, several bankers banks including TBB acquired the company and renamed it First Bankers' Banc Securities, Inc. (FBBS). FBBS services investment needs for community banks, trust companies, investment advisors, municipalities, corporations, and individuals. Provides brokered CD placement, investment portfolio accounting, and corporate note underwriting. FBBS is a partially owned subsidiary of The Bankers Bank and contributed to dividend payments.
• Jim Schartman (Check Contract Consulting)minorImplementation/ SI/ Consulting PartnerThrough partnership with Jim Schartman (35+ years of checking industry experience), The Bankers Bank offers check printing contract negotiation services. Benefits include typical negotiated savings of 50-70%, over 90% bank retention rate with current vendors, and no-obligation initial consultation. Jim knows what banks should be paying and handles negotiations on behalf of community banks.
• PRINGLE (Strategic Planning)minorStrategic or Co-development PartnerThe PRINGLE brand has been trusted in the banking community for decades. The Bankers Bank offers a PRINGLE-branded do-it-yourself strategic planning toolkit for community banks. The toolkit is easily adaptable at any stage of the strategic planning process, with help available when needed but the power to complete independently. Helps banks set management and board-level direction and document goals and plans.
• Bankers Bancorp of Oklahoma, Inc. (Parent)coreOthersThe Bankers Bank was incorporated as Bankers Bancorp of Oklahoma, Inc. on August 5, 1985. The Bankers Bank operates as the primary subsidiary. TBB and its subsidiaries (FIT, TBS, FBBS) are part of the Bancorp organization. The parent entity has a Board of Directors composed of representatives from shareholder community banks. In 2024, TBB expanded into Kansas as part of the Bancorp organization.

Scale indicators9 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Bankers' Bank of Kentucky: Community-bank-owned correspondent bank headquartered in Lexington, KY, serving community banks across the Midwest/Southeast with deposit, lending, safekeeping, and ancillary services — the same fundamental model as TBB.
• Bankers' Bank of Arkansas: Correspondent bank in Little Rock, AR serving community banks with correspondent products, investments, and consulting — directly comparable cooperative-style franchise operating in an adjacent geography.
• Bankers' Bank of Wisconsin: Wisconsin-based correspondent bank providing deposit, lending, and technology services to community banks, sharing TBB's member-bank ownership ethos and product portfolio.
• Bankers' Bank of Indiana: Indianapolis-based community-bank-owned correspondent serving Indiana and surrounding states with a similar mix of wires/ACH/lending/safekeeping and consulting offerings.
• Bankers' Bank of Nebraska: Omaha-based correspondent bank serving community banks in Nebraska and adjoining states, analogous in structure, ownership composition, and product breadth.
• Bankers' Bank of the Midwest: A community-bank-owned correspondent bank in the Midwest offering correspondent banking services analogous to TBB's portfolio to community institutions in its region.
• Mid America Bankers Bank (Lincoln, NE): Correspondent bank owned by and serving community banks in the central U.S. with a similar mix of correspondent services and consulting — a like-for-like peer to TBB.

Broad incumbents

• IntraFi Network (formerly Promontory Interfinancial Network): Large, established deposit-network provider (brokered CDs, ICS/CDARS, escrow) serving thousands of community banks nationally — overlapping TBB's safekeeping/deposit-adjacent franchises and competing for the same community-bank wallet.
• Jack Henry & Associates: Major banking-technology vendor whose correspondent and core platforms intersect with TBB's iWeb offering — overlapping customer base and competing for community-bank technology spend.

Others

• Independent Community Bankers of America (ICBA): National trade association for community banks; not a commercial competitor but a key ecosystem participant that shapes policy, partners with member banks, and operates affiliated services (ICBA Securities) relevant to TBB's customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Bankers Bank